MUFG Americas Holdings Corp boosted its stake in Aetna Inc (NYSE:AET) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,990 shares of the company’s stock after acquiring an additional 6,049 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Aetna were worth $5,049,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AET. Alpine Associates Management Inc. purchased a new position in Aetna in the 4th quarter worth approximately $159,933,000. Orbimed Advisors LLC boosted its holdings in Aetna by 57.3% in the 3rd quarter. Orbimed Advisors LLC now owns 1,396,500 shares of the company’s stock worth $222,057,000 after acquiring an additional 508,600 shares during the period. CI Investments Inc. purchased a new position in Aetna in the 4th quarter worth approximately $87,552,000. Governors Lane LP purchased a new position in Aetna in the 4th quarter worth approximately $68,223,000. Finally, Point72 Asset Management L.P. boosted its holdings in Aetna by 233.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 429,353 shares of the company’s stock worth $68,271,000 after acquiring an additional 300,753 shares during the period. Hedge funds and other institutional investors own 87.10% of the company’s stock.
Shares of Aetna Inc (NYSE:AET) opened at $177.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 1.68. The stock has a market capitalization of $57,793.63, a P/E ratio of 30.81, a P/E/G ratio of 1.43 and a beta of 0.60. Aetna Inc has a 52-week low of $124.83 and a 52-week high of $194.40.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, January 10th. Aetna’s dividend payout ratio is presently 34.78%.
A number of equities analysts have weighed in on AET shares. Citigroup upped their price target on Aetna from $183.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. ValuEngine upgraded Aetna from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank upgraded Aetna from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $212.00 in a research note on Monday, January 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $212.00 target price on shares of Aetna in a research note on Tuesday, January 30th. Finally, Cowen reiterated a “buy” rating and set a $212.00 target price on shares of Aetna in a research note on Tuesday, January 30th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $185.94.
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.
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